June 13, 2025 01:01 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
British gay couple posted 'Goodbye India' video before boarding doomed Air India flight | Doctor couple's final selfie with 3 children on ill-fated Air India flight goes viral | After over a billion passengers flown, Air India crash ends Boeing 787 Dreamliner’s fatality-free run | Air India flight with 242 on board crashes moments after takeoff in Ahmedabad, all dead except one | Ex-Gujarat CM Vijay Rupani among 242 killed in Air India crash near Ahmedabad | Telangana engineer, who worked on Kaleshwaram irrigation project, held in disproportionate case | 'If guilty, she must be hanged': Sonam Raghuvanshi's brother on Meghalaya murder | 'Deal with China done': Donald Trump announces agreement on rare earths, student visas | 'Funding Pakistan means funding infrastructure of terrorism': Rajnath Singh | Modi meets members of Operation Sindoor outreach delegations, lauds them for voicing India's stand
Tata Motors
Image Cr: Unsplash

Tata Motors shares dip 5 percent after reducing Q2 losses to Rs 944.6 cr

| @indiablooms | Nov 10, 2022, at 08:30 pm

Mumbai/IBNS: The shares of Tata Motors fell five percent intraday on Thursday, a day after the enterprise revealed its Q2FY23 result.

On Wednesday, the firm reported a reduction in losses from Rs 4,441.57 crore to Rs 944.6 crore in its Sept. ended quarter compared to the same period previous year.

The Indian automaker's consolidated revenue increased 29.7 percent on a year-on-year (Y-oY) basis to Rs 79, 611.3 crore in Q2FY23 from Rs 61,278.82 crore reported in the year-ago period.

The mainstay of earnings for the global car manufacturer fell short of estimates presented by three analysts on account of rise in expenses, Reuters reported.

On a Y-oY basis, the Earning before interest, taxes, depreciation, and amortization (EBITDA) jumped by 53 percent, as per the Reuters report.

Brokerage firms and their evaluation of Tata Motors Q2 FY23 Results

As per major brokerage houses like Motiala Oswal, the automaker's EBITDA missed its estimates, reported Reuters.

Coming to immediate expectations, brokerage firm Sharekhan said it sees better operational performance as a result of ease in supply restrictions, as per a moneycontrol.com report.

The capital market firm CLSA in its analysis shared that the Jaguar Land Rover (JLR) EBITDA was more than the estimates, according to a CNBC -TV18 report.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm